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These days, finding an affordable place to live in the 56207 area can be challenging. Home prices in 56207 are now at a median cost of $123,644, lower than the Minnesota average of $269,934.
The average cost of rent is $1,018/mo in 56207, primarily driven by the current value of real estate in the 56207 area. While nearly 49.85% of residents own their homes outright in 56207, 21.71% rent.
Housing affordability isn’t just about home prices, though. The average household income in 56207 is $7,381 per month. Households that rent pay about 13.80% of their income on rent here. 56207's most expensive areas are in the northern regions, while the cheapest areas are in the northwestern parts of the zip.
Nearby Zip Codes
- 56221, MN: less expensive homes
- 56267, MN: higher priced homes
- 56244, MN: higher priced homes
- 56323, MN: higher priced homes
- 56236, MN: higher priced homes
- 56240, MN: equally priced homes
- 56225, MN: higher priced homes
- 56210, MN: less expensive homes
- 56381, MN: higher priced homes
- 56211, MN: higher priced homes
Zip Codes with Similar Populations
- 81024, CO: higher priced homes
- 68664, NE: less expensive homes
- 64438, MO: higher priced homes
- 64636, MO: less expensive homes
- 64672, MO: less expensive homes
- 65048, MO: higher priced homes
- 65729, MO: equally priced homes
- 66008, KS: higher priced homes
- 66772, KS: less expensive homes
- 67066, KS: higher priced homes
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